CERTYNEX IFRS ACADEMY

A parent commits to a plan to sell 60% of its subsidiary, which would make it lose control while keeping an interest. The classification criteria are met. What does it classify as held for sale?

The 60% share of the subsidiary's assets and liabilities, corresponding to the part that will be sold.

Nothing is classified before control of the subsidiary is actually lost by the parent.

All the assets and liabilities of the subsidiary, even with a non-controlling interest retained.

The non-current assets of the subsidiary, its liabilities staying in the parent's consolidated balance sheet.